Ripple’s XRP Sees 44% Upside Potential to $4.804 After SEC Resolution

Ripple’s XRP has managed to stay above the $2.47 mark, attracting the interest of experts who predict that it could potentially reach new all-time highs in the vicinity of $4 to $7. This occurrence is happening within a larger trend of bullish sentiment that is evident in the cryptocurrency market, with Ethereum (ETH) edging closer to $4,000 and alternative coins demonstrating resilience as they gear up for an anticipated peak phase known as “altseason.” XRP’s current price of $3.3 reflects robust momentum, with technical signals pointing towards potential levels of $4.804 and $7.138. The optimistic forecast for XRP can be attributed to the recent resolution of legal issues involving the U.S. Securities and Exchange Commission (SEC), which has eliminated a significant uncertainty surrounding the asset. Observers also point out that Ripple’s partnerships and ongoing efforts in terms of adoption could play a crucial role in driving demand, positioning XRP as a prominent player within the altcoin landscape. One well-known analyst mentioned in the report notes that the current price point above $2.47 is a key threshold, with an upside potential of 44% towards the $4.804 target and a potential further move to $7.138 if the bullish trend persists. While the analysis is speculative in nature, it does resonate with the prevailing market conditions where Bitcoin and ETH are anticipated to reach all-time highs of $130,000 and $10,000, respectively. Nevertheless, XRP’s trajectory is deemed particularly intriguing following its recent legal clarity and its historical underperformance compared to other alternative coins. The analyst underscores that XRP’s existing price stability and technical foundation indicate that it might outperform its peers as the market expands in the next phase.